KIEV: The International Monetary Fund said on Friday it will only release a new tranche payment to Ukraine once parliament approves a long-stalled pension system overhaul and land privatization legislation.
The IMF said after completing its latest mission to the war-torn country that Ukraine’s economy was continuing to recover from a dire recession and was on course to expand by more than two percent of gross domestic product this year.
Ukraine is using a $17.5-billion (15.6-billion-euro) IMF lifeline to recover from crises sparked by a Russian-backed war in the separatist industrial east that began in April 2014 and has claimed more than …read more
Source: The Manila Times
